scholarly journals Challenges and opportunities of India’s enhanced participation in the global economy

2019 ◽  
Keyword(s):  
Global Economy ◽  
Challenges And Opportunities

scholarly journals The Importance of Collaboration and Competition Within and Outside the OECD

2016 ◽  
Vol 11 (9) ◽  
pp. 13
Author(s):  
Ian Jackson ◽  
John McManus
Keyword(s):  
Global Economy ◽  
Cost Effective ◽  
World Market ◽  
Global Market ◽  
Conceptual Approach ◽  
Global Marketplace ◽  
Effective Manner ◽  
Challenges And Opportunities ◽  
National Governments

The purpose of this paper is to address the role of the OECD in the global marketplace. The paper highlights some current trends in the global market and the changing role of the OECD. In this context, the authors discuss various perspectives on the role of OECD in a globalized world. The authors focus on recent debates on the state of the global economy and the changing position of the OECD in the world market. The authors apply a conceptual approach combined with analyses of data and secondary material. The authors also put forward an argument for investigating what determines competition within and outside the OECD. In this context, creating markets within a global economy requires considerable stimulus on the part of national governments. This necessitates national governments working together in partnership with national and global firms to reduced bureaucracy and increase transparency to boost trade in a cost effective manner. This is seen by some economists to be a prerequisite to future competitiveness. Finally, the authors seek to demonstrate how leading countries within the OECD are building innovative capability to master the challenges and opportunities that the new emerging economies present (such as Brazil).

scholarly journals Global industries and local development: labour in the Malagasy garment industry

SURG Journal ◽  
2011 ◽  
Vol 5 (1) ◽  
pp. 18-29
Author(s):  
Nick Bernards
Keyword(s):  
Global Economy ◽  
Local Development ◽  
Low Cost ◽  
Value Added ◽  
Garment Industry ◽  
Structural Features ◽  
Historical Case Study ◽  
Historical Case ◽  
Labour Relations ◽  
Challenges And Opportunities

This paper examines some of the challenges and opportunities for development in Africa presented by the globalization of production through a qualitative-historical case study analysis of the condition of labour in the garment industry in Madagascar. It argues that this case demonstrates that attempts to incorporate national economies into the global economy on the basis of a comparative advantage in low-value added, labour intensive industries are unlikely to lead to significant development benefits. The paper first develops a historical overview of the development of the Malagasy export garment industry. It is situated within global and local trends towards economic liberalization, the re-orientation of development finance towards foreign direct investment, and the globalization of garment production. Three main structural features of the Malagasy Zone Franche garment industry are emphasized: the centrality of low cost labour, the dominance of low value added labour intensive activities, and reliance on access to markets in the industrialized north. These structural conditions are reinforced by the fluidity and volatility of the sector. The final section considers the impacts of these structures on labour relations in the garment industry. It argues that these structural conditions have kept wages and working conditions chronically poor. This failure to improve the condition of work is indicative of the weak structural position of peripheral economies and the challenges this poses to private sector-led development.

scholarly journals Islamic Capital in Kazakhstan

2021 ◽  
Vol 65 (2) ◽  
pp. 100-108
Author(s):  
A. Nagimova
Keyword(s):  
Global Economy ◽  
Annual Reports ◽  
Islamic Finance ◽  
Investment Strategies ◽  
Financial Centre ◽  
Finance Industry ◽  
Challenges And Opportunities ◽  
Cis Countries ◽  
Islamic Insurance ◽  
Investment Growth

Over the last decades Islamic Finance has been expanding its role in the global economy, including in the Post- Soviet Area. Who are the key players of Islamic Finance market? What are their investment strategies here? This paper considers above questions by investigating more than 250 deals involving Islamic investors over the period 1991–2020 in Kazakhstan Republic. The data on deals gathered from two main sources: i) M&A database Zephyr (Bureau van Dijk), and ii) open sources (information agencies, company annual reports, press-releases, presentations, interviews). We are analyzing the growth of the Islamic Finance industry in Kazakhstan, and dependency on two key investors – Islamic Development Bank and Abu Dhabi Government. Then We study the structure of Islamic Finance investments by the type of investors. We found that despite the small share of Islamic banks and Islamic leasing (ijara) companies they have become an important factor of the financial sector in Kazakhstan. We saw that the potential for issuing sukuk and developing Islamic insurance (takaful) have not yet been realized but Islamic Finance became one of the six pillars of the Astana International Financial Centre (AIFC). In addition, we have identified several factors critical to further Islamic Finance market development in the Central Asia. In conclusion there is a question whether Kazakhstan financiers and policymakers will be able to apply creative approach to Islamic Finance that not only allow to adopt the experience of other countries, but also bring something new. Acknowledgements. This study is funded by RFBR, project number 19-310-60002 “Islamic Finance in the Post-Soviet States: challenges and opportunities for investment growth in the CIS countries”.

scholarly journals International Business Education At Best B-Schools

2008 ◽  
Vol 5 (1) ◽  
Author(s):  
Susan Eisner ◽  
Mary Ellen O’Grady Harvey
Keyword(s):  
International Business ◽  
Undergraduate Students ◽  
Business Education ◽  
Global Economy ◽  
Gap Analysis ◽  
Business Schools ◽  
Management Practice ◽  
Business Programs ◽  
Challenges And Opportunities ◽  
International Business Education

This paper investigates the preparation undergraduate students readying for participation in the global economy and interested in international business careers can receive at U.S. business schools. Existing literature point to the importance of internationalizing business education, but have been relatively silent in recent years regarding its status.  Accordingly, this study seeks to contribute to business education and management practice by examining the attributes of international business programs currently offered by “best” business schools. Gap analysis and benchmarking tools are identified and summarized within the context of existing literature. Analysis and recommendation are provided to assist educators developing programs that successfully train graduates for the challenges and opportunities of today’s international workplace.

African Development Expectations and Challenges at the G20 Summit in Argentina in 2018

2019 ◽  
Vol 35 ◽  
Author(s):  
Ashraf Patel
Keyword(s):  
Global Economy ◽  
Industrial Development ◽  
Industrial Revolution ◽  
Buenos Aires ◽  
Skills Development ◽  
Global Knowledge ◽  
The Core ◽  
Fourth Industrial Revolution ◽  
Challenges And Opportunities ◽  
Key Policy

The article unpacks key policy and development issues and priorities with regards to Africa’s development at the G20 Summit held in Buenos Aires, Argentina in November 2018. The core themes are industrial development challenges and opportunities for African economies as they integrate in the global economy, tracing structural issues such as commodity cycles, infrastructure and policy requirements for sustainable economic development in the fourth industrial revolution era. It unpacks the education and skills development requirements for Africa to effectively—and equitably—participate in the global knowledge economy. The study then details African industrialisation pathways and options from various academic perspectives in an increasingly competitive world

scholarly journals Bringing Pankaj Ghemawat to Africa: Measuring African economic integration

2016 ◽  
Vol 19 (1) ◽  
pp. 82-102
Author(s):  
Adrian David Saville ◽  
Lyall White
Keyword(s):  
Economic Growth ◽  
East Africa ◽  
Economic Integration ◽  
Global Economy ◽  
African Countries ◽  
Survey Period ◽  
Human Welfare ◽  
Economic Changes ◽  
The World ◽  
Challenges And Opportunities

A wealth of literature dealing with trade liberalisation, capital market liberalisation, labour mobility and related issues concerning globalisation asserts that economies that are more integrated with the global economy and, more specifically with their neighbours, tend to enjoy higher sustained levels of growth. Empirical evidence with solid quantitative findings recently conducted by Pankaj Ghemawat has confirmed that more ‘open and connected’ economies display higher rates of economic growth, higher per capita income levels and greater levels of human welfare. Against this backdrop, it is notable that the available evidence – whilst incomplete – suggests that African economies are amongst the least integrated in the world. Given that integration and connectedness matter, and that there are material gaps in the evaluation of integration for African economies, it is important to develop better measures of African economies’ connectedness with their neighbours and with the world, how this connectedness is evolving and establish more comprehensive and robust means of economic integration compared to those historically available. Using Ghemawat’s framework, which measures flows of trade, capital, information and people (TCIP) to determine connectedness, we develop the Visa Africa integration index to provide a more comprehensive and detailed gauge of economic integration for 11 African countries in three clusters: East Africa, West Africa and Southern Africa. The index results suggest that African economies are emerging off a modest base, with some economies demonstrating progressive structural improvements toward higher levels of integration with their respective regions and the world. East Africa, in particular, shows signs of rising connectedness over the survey period. The index also illustrates that some countries are more integrated globally than regionally and vice versa, which is important information for policy makers toward improving deeper and broader integration in their respective regions. The index builds on previous research in the broad area of integration and helps us better understand the challenges and opportunities presented by Africa’s economic changes and some of the implications for economic growth.

scholarly journals Monitoring AI progress for corporate governance

2020 ◽  
Vol 9 (1) ◽  
pp. 8-17
Author(s):  
Hugh Grove ◽  
Mac Clouse ◽  
Laura Schaffner ◽  
Tracy Xu
Keyword(s):  
Corporate Governance ◽  
Boards Of Directors ◽  
Global Economy ◽  
Research Question ◽  
Work Force ◽  
Quantum Computers ◽  
Main Research ◽  
Challenges And Opportunities ◽  
High Degree ◽  
Rapid Transformation

Artificial Intelligence technologies are predicted to contribute up to $16 trillion to the global economy by 2030. This rapid increase in AI development will have tremendous significance for all the major players for effective corporate governance and national leadership: boards of directors, owners, regulators, legislators, and the national public interest. While AI is believed to increase both the productivity and competitive advantage, it will lead to rapid transformation in the work force and evolve with a high degree of uncertainty. To facilitate the survival of public and other corporations and entities, all these major players should closely monitor the progress and pay attention to major trends in AI. The main research question of this paper is what are the key threats, challenges, and opportunities of AI. Major threats are the replacement of human activity with AI activity, which may not be able to be controlled by humans. Such control is a major challenge concerning AI as is the control and opportunity of human-AI partnerships. Digital dashboards and quantum computers are also part of all these challenges and opportunities. Accordingly, the paper studies the following AI topics currently being explored in the AI literature: key questions and issues for AI, monitoring trends in AI development, digital board audits for AI action plans, AI robotic process automation, and quantum computers with AI implications, AI progress assessment and conclusions.

scholarly journals Global Agri-Food Sector: Challenges and Opportunities in COVID-19 Pandemic

2021 ◽  
Vol 6 ◽  
Author(s):  
Saima Hamid ◽  
Mohammad Yaseen Mir
Keyword(s):  
Food Security ◽  
Global Economy ◽  
Holistic Approach ◽  
Developed Countries ◽  
Developed Economies ◽  
Agriculture Sector ◽  
Inelastic Demand ◽  
Challenges And Opportunities ◽  
Food Shortages ◽  
Global Shocks

COVID-19 pandemic has been catastrophic for almost everything including the global economy. Among many sectors, the food and the agriculture sector was the worst hit following the immediate lockdown and market shutdowns. Though some stability was prevalent from supply side till date, however, the severe restrictions put in place to curb the spread of pandemic have endangered the supply of agricultural and food articles contemporaneously across borders and from field to fork. While the income decline due to price falland supplies chain disruptions due to pandemic have escalated the food shortages in several of developing and developed countries. Nevertheless the global demand for food items has remained more or less unchanged owing to their inelastic demand. Even within the global level, the scenario of food security and supply chain stability has been substantially deplorable for emerging and less developing countries due to their lack of insulation to the global shocks or pandemics. Notably, the technological backwardness, excessive know-how dependence and denied accessibility on several grounds lead to poverty and food hunger in these countries. At the policy level, a holistic approach specifically targeted towards the developing and less developed economies is highly warranted to ensure an appreciable progress towards the minimisation of sensitivity with regard to agriculture and food security. Apart from the measures to insulate them from global shocks, additional steps need to be taken to alleviate their technological backwardness and denied accessibility on certain socio-cultural norms.

Challenges and Opportunities in the Tourism Sector in the Post-COVID-19 Period

2022 ◽  
pp. 230-248
Author(s):  
Iveta Hamarneh
Keyword(s):  
Public Health ◽  
Global Economy ◽  
Tourism Demand ◽  
Policy Makers ◽  
Unique Position ◽  
Tourism Sector ◽  
Challenges And Opportunities ◽  
Destination Management Organizations

The COVID-19 pandemic has not only a significant impact on public health but also severely affected the tourism sector, one of the drivers of the global economy. Although this situation crisis makes tourism highly vulnerable, the sector is also in a unique position to contribute to broader and just effective recovery plans and actions. This chapter considers the major significant impacts, behaviours, and experiences that four major tourism stakeholders are experiencing during the COVID-19 period. Research on (1) tourism demand, (2) tourism supply, (3) destination management organizations, and (4) policy makers will identify the main challenges and opportunities in tourism sector in the post-COVID-19 period.

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